Crypto

OKX and NYSE's parent file for tokenized US stock platform

OKXICE, the joint venture of OKX and ICE, the parent of the New York Stock Exchange, has filed to launch 24/7 trading of tokenized U.S. stocks.

The platform plans to offer tokenized shares — digital tokens tied to the value of real securities — in more than 60 US-listed companies, using the SEC's new innovation exemption.

For beginners Tokenizing stocks allows them to trade on a blockchain almost around the clock, unlike traditional exchanges with fixed trading hours.